Loans & Grants

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African Investment Forum Road show in Cairo, attended by Egyptian public and Private Sector entities

26-Jul-2018 - Over 80 Egyptian public and private sector entities attended the African Investment Forum (AIF) road show organised by the African Development Bank on Wednesday 25 July 2018 in Cairo. Leading business executives from a wide range of industries including the banking and investment sector, industry associations, the Government and its investment promotion agencies, as well as key AIF partners EBRD, World Bank and the IFC, participated in the road show.

The Facility for Agricultural Finance in Africa receives FAPA donors’ approval seal

25-Jul-2018 - By 2030, it is estimated that Africa’s urban food markets will be valued at US$1 trillion. Despite this potential, the sector substantially lacks financial investment. The share of commercial bank lending to agriculture remains very low, ranging from 3% in Sierra Leone, 4% in Ghana and Kenya, 6% in Uganda, 8% in Mozambique to 12% in Tanzania.

African Development Bank reiterates support for Lake Chad Basin Heritage Project

25-Jul-2018 - The African Development Bank will continue its support for an environmental initiative to protect the shrinking Lake Chad - a source of water to millions of people in central and West Africa, the Bank’s Director General for Central Africa Region, Ousmane Dore told UN bodies and representatives of west and central African UN missions In the past decade, the Bank has invested more than $160 Million through regional projects aimed at fighting the ecological and humanitarian crises in the Lake Chad region.

Consortium Delivers Bujagali Refinancing to Reduce Ugandan Electricity Costs

24-Jul-2018 - A consortium of development finance institutions and commercial lenders today announced completion of the refinancing of more than USUS$400 million loans of Bujagali Energy Limited (BEL), aiming to help reduce electricity costs in Uganda.

SME’s will benefit from a US$20-million African Development Bank loan to Uganda Development Bank

20-Jul-2018 - The African Development Bank has approved a US$20 million loan to the Uganda Development Bank Limited (UDBL), the first development finance institution established by the Government of Uganda in 1972.

Une prise de participation de 20 millions d'euros de la Banque africaine de développement pour faire émerger des multinationales africaines

20-Jul-2018 - Le Conseil d'administration du Groupe de la Banque africaine de développement a approuvé, vendredi 20 juillet 2018, une prise de participation de 20 millions d’euros dans le fonds d’investissement Maghreb Private Equity Fund IV (MPEF IV), d’AfricInvest.

Tanzania to receive US$ 123 million African Development Bank loan to finance power transmission line project

20-Jul-2018 - The African Development Bank approved on Friday 20 July 2018, a loan of US$ 123.39 million to the United Republic of Tanzania to finance part of the country’s North- West Grid 400 kV Nyakanaz – Kigoma power transmission line project.  

Trade Finance: African Development Bank approves US$ 250-million Risk Participation Agreement with ABSA

20-Jul-2018 - The Board of Directors of the African Development Bank on Wednesday, 18 July  2018, approved an unfunded US$ 250-million Risk Participation Agreement with ABSA Bank Limited.  This Risk Participation Agreement housed within African Development Bank’s Trade Finance operations, will enhance African issuing banks’ ability to leverage trade financing through a multi-sectorial approach.

African Development Bank and Portuguese-speaking countries sign declaration to spur economic development in Lusophone Africa

19-Jul-2018 - The African Development Bank and the Community of Portuguese Language Countries (CPLP) have signed a Declaration to support the “Development Finance Compact for the Lusophone Countries of Africa”. Dr. Akinwumi Adesina, President of the African Development Bank and Maria do Carmo Silveira, Executive Secretary of CLPL, signed the agreement on Wednesday on the sidelines of the 12th Summit of Heads of State and Government of the CPLP in Santa Maria on the Island of Sal, Cabo Verde.

President Adesina in Kenya to Support Africa’s Investment Agenda

18-Jul-2018 - The President of the African Development Bank, Dr Akinwumi Adesina is in Kenya on a state visit from –19-21 July 2018 to participate in high-level activities aimed at strengthening cooperation with the Kenyan Government and attract more private sector funding

La Banque africaine de développement réaffirme son engagement avec l’Alliance Sahel

18-Jul-2018 - Une importante délégation de l’Unité de coordination de l’Alliance Sahel (UCA) a entamé, mercredi 18 juillet 2018, une visite de travail de deux jours dans les locaux de la Banque africaine de développement à Abidjan, en Côte d’Ivoire. L’Alliance Sahel, un partenariat lancé en juillet 2017 à Paris par plusieurs bailleurs de fonds, vise à atteindre plus rapidement des résultats de développement dans les pays du G5 Sahel : Burkina Faso, Mali, Mauritanie, Niger et Tchad.

African Development Bank approves South Africa Country Strategy Paper

18-Jul-2018 - The African Development Bank has approved a string of measures aimed at supporting South Africa’s economic development ambitions as an upper Middle-Income Country. This support package is contained in the Bank’s Country Strategy Paper (CSP) 2018-2022 for South Africa, which will guide the Bank’s operations in the country during the next five years. The new plan builds on the previous CSP 2013 – 2017 and will advance hard regional infrastructure investments and soft mechanisms that deepen trade and regional integration, urban-rural connectivity...

Cabo Verde: African Development Bank approves €20 million for private sector competitiveness & local economic development program

18-Jul-2018 - The Board of Directors of the African Development Bank has agreed to award to the Republic of Cabo Verde, a €20-million loan to finance the first phase of the country’s  Private Sector Competitiveness and Local Economic Development Program (PSC-LED). The objective of the program is to spur private sector and local entities to make greater contribution to growth and employment and to support the National Development Plan’s private sector- led development.

Namibia secures ZAR 3 billion budget support loan from African Development Bank

18-Jul-2018 - The Board of Directors of the African Development Bank has approved a loan of US$ 217.8 million (ZAR 3 billion) to finance the second phase of the Namibia’s  Economic Governance and Competitiveness Support Programme (EGCSP II). The loan facility,  second of a two-year programmatic series, will support the budget for the fiscal year 2018/19. It aims at strengthening  public financial management and improving the quality and efficiency of public sector spending, while laying a solid foundation for industrialization through support to critical...

Réforme dans le secteur de l’énergie au Burkina Faso : Un prêt de 18 millions d’euros de la Banque africaine de développement

18-Jul-2018 - Le Conseil d’administration du Groupe de la Banque africaine de développement a approuvé, le 18 juillet 2018 à Abidjan, un financement de 18 millions d’euros du Fonds africain de développement (FAD) en faveur du Burkina Faso.

African Development Bank commends Afreximbank’s efforts to advance intra-African trade

16-Jul-2018 - “Africa is in a hurry because it is hungry for economic transformation. We must move quickly from old methods of intervention in dealing with emerging challenges and taking advantage of opportunities,” President Adesina tells participants at 25th Anniversary of Afreximbank

African Development Bank and AfreximBank sign Strategic Factoring project to support African SMEs

13-Jul-2018 - The African Development Bank, through its Trade Finance operations, and Afreximbank today signed a Grant Agreement to support the development of factoring (a form of debtor finance in which a business sells its accounts receivable (invoices) to a third party (called a factor) at a discount) on the continent. This is a big step towards both institutions’ unrelenting drive and commitment to continue enabling extra and intra-Africa Trade.

Mauritanie : Lancement du projet d’appui à la modernisation des infrastructures financières

13-Jul-2018 - Mohamed El Azizi, directeur général de la Banque africaine de développement pour la région Afrique du Nord, et Abdel Aziz Ould Dahi, gouverneur de la Banque centrale de Mauritanie (BCM), ont donné, lundi 9 juillet 2018 à Nouakchott, le coup d’envoi du Projet d’appui à la modernisation des infrastructures financières en Mauritanie (PAMIF).

Tanzania’s Economic Reform Program receives African Development Bank’s support

11-Jul-2018 - Tanzania’s ongoing macroeconomic reform program has received a boost from the African Development Bank through a US$40- million budget support loan to be provided by the African Development Fund, the concessional arm of the Bank Group.

Bank approves African Water Facility Plans for 2018

04-Jul-2018 - The Board of Directors of the African Development Bank has approved the work plan and budget of the African Water Facility (AWF) for 2018. The plan addresses past challenges and proposes solutions on the pressing issues of resource mobilization, filling vacancies, monitoring ongoing projects more closely and resolving issues more quickly, and strengthening the capacity of project implementing agencies.

SMEs promotion gains traction through FAPA funding

02-Jul-2018 - Leveling the playing field for Small and Medium-sized Enterprises (SMEs) in Africa is one of FAPA’s (Fund for African Private Sector Assistance) priority goals. To achieve this objective, FAPA donors have approved four projects worth US $3.9 million, bringing the total number of FAPA approved projects to seven and the cumulative grant amount to US $6.4 million since the beginning of this year.

Millennium Challenge Corporation Announces New Collaboration with the African Development Bank

02-Jul-2018 - The U.S. Government’s Millennium Challenge Corporation (MCC) Chief Operating Officer Jonathan Nash and African Development Bank Group Senior Vice-President Charles Boamah today announced new opportunities for collaboration between the institutions. The announcement was made during the President’s Advisory Council on Doing Business in Africa (PAC-DBIA) mission stop in Côte d’Ivoire.

Maroc : la Banque africaine de développement accorde une ligne de crédit de 100 millions d’euros à la Banque centrale populaire

28-Jun-2018 - Le Conseil d'administration du Groupe de la Banque africaine de développement a approuvé, mercredi 27 juin, une ligne de crédit de 100 millions d’euros au profit de la Banque centrale populaire du Maroc (BCP).  Cette facilité va permettre à la BCP de renforcer ses activités de financement des entreprises dans les secteurs de l’agriculture, de l’éducation, de la santé et des infrastructures en Afrique de l’Ouest, principalement en Côte d’Ivoire, en Guinée, au Mali et au Sénégal. 

Améliorer les transports routiers : La Banque africaine de développement alloue 55,75 milliards de francs CFA au Sénégal

27-Jun-2018 - L’absence d’une infrastructure de transport routier viable est un obstacle majeur à l’intégration régionale et aux échanges commerciaux. Au Sénégal, les régions sud en pâtissent : enclavées, elles ne peuvent bénéficier de la politique de renforcement de la valeur ajoutée des produits du secteur primaire ni s’attaquer aux sources de fragilité.

African Development Bank approves Mozambique’s Country Strategy paper 2018-2022

27-Jun-2018 - Mozambique’s agriculture sector plays a paramount role in its economy, in particular from a rural growth perspective, given its large yet untapped potential for agro-business and agricultural value chains. The private sector also remains a critical player in the country’s development process. However, lack of infrastructure and support to agricultural transformation and value chain development have disadvantaged rural populations and the country’s agriculture potential.

African Development Bank joins Global Infrastructure Facility as Technical Partner

19-Jun-2018 - Africa’s infrastructure financing needs are huge. Innovative partnerships are needed to bridge the financing gap and accelerate infrastructure development in Transport, ICT, Water and Energy, that are considered as drivers for growth, regional integration and industrialization. It is in this optic that the African Development Bank Group signed a Financial Procedures Agreement with the World Bank Group (the GIF Trustee) on 18th of April 2018 as Technical Partner of the Global Infrastructure Facility (GIF).

African Development Bank invests in Sudan agribusiness

19-Jun-2018 - To boost agricultural production and productivity in the Sudan, the Bank approved US $42 million in concessional grants from the African Development Fund to support the National Agriculture Investment Plan. Mohamed Zaghloul, Executive Director representing Egypt and Djibouti, said, “The Bank’s support to the development of key agricultural value chains and market access is timely and will go a long way in helping Sudan in its efforts to revive its agriculture sector.”

Côte d'Ivoire: African Development Bank to help mobilize over CFAF 15 billion to finance pay-as-you-go solar home systems

15-Jun-2018 - In very remote rural areas of some African countries, access to electricity for low-income people is still through traditional and outdated systems such as battery-powered flashlights or oil lamps that pollute and are extremely harmful to health.

Promoting food security: African Development Bank approves US$ 15m equity investment in Africa Food Security Fund to boost agri-business in Africa

13-Jun-2018 - In an effort to boost agri-business and enhance food security in Africa, the African Development Bank Board has approved a US$15 million equity investment in Africa Food Security Fund (AFSF), to support enterprises in agri-business SMEs and enhance food security in Africa

MDB climate finance hit record high of US$ 35.2 billion in 2017

13-Jun-2018 - Climate financing by the world’s six largest multilateral development banks (MDBs) rose to a seven-year high of US$ 35.2 billion in 2017, up 28 per cent on the previous year. Read joint MDB report See infographic

Stimulating Africa’s bond markets: African Development Bank approves US $10-million equity investment in Financial Sector Deepening Fund

08-Jun-2018 - To strengthen the capital base of local financial institutions and stimulate Africa’s corporate bond market, the African Development Bank has approved a US $10-million investment through its private-sector window in the Africa Financial Sector Deepening Fund being managed by Adventis Ltd as the fund manager. The Fund seeks to raise US $100 million by the first closing and US $200 million by the second closing and to invest over 10 years to address the growing demand among local financial institutions for Tier 2 (subordinated) capital and to...

The African Development Bank and the Climate Investment Funds support their first private sector-led geothermal power plant in Kenya

08-Jun-2018 - The African Development Bank approved on June 6, 2018 a senior loan of US $29.5 million and a concessional loan of US $20 million from the Climate Investment Funds (CIF) Clean Technology Fund (CTF) to Quantum Power East Africa GT Menengai Ltd.

African Development Bank promotes better access to mortgage finance in Ghana

06-Jun-2018 - The African Development Bank approved a US $15-million senior loan to GHL Bank PLC, which focuses on mortgage finance, to enhance its mortgage loan portfolio and help develop an effective affordable mortgage finance sector in Ghana.

African Development Bank supports agricultural value chain development to improve household incomes and food security in the Sudan

06-Jun-2018 - To boost agricultural production and productivity in the Sudan, the Bank approved US $42 million in concessional grants from the African Development Fund to support the National Agriculture Investment Plan.   Mohamed Zaghloul, Executive Director representing Egypt and Djibouti, said, “The Bank’s support to the development of key agricultural value chains and market access is timely and will go a long way in helping Sudan in its efforts to revive its agriculture sector.”

African Development Bank to provide US $7 million to Sudan for rural livelihoods’ adaptation to climate change in the Horn of Africa II

01-Jun-2018 - The African Development Bank Director General for East Africa, Gabriel Negatu, and Sudan’s State Minister of Finance and Economic Planning, Magdi Yassin, presided over the signing ceremony of a grant agreement (Rural Livelihoods’ Adaptation to Climate Change in the Horn of Africa II) of about US $7 million on May 23, 2018 during the African Development Bank Annual Meetings in Busan, Korea.

African Development Bank provides US $1 million to support Sudan’s preparation for debt relief

31-May-2018 - The African Development Bank’s Director General for the East African Region, Gabriel Negatu, and Sudan’s State Minister of Finance and Economic Planning, Magdi Yassin, presided over the signing ceremony of a US $1-million grant agreement to facilitate Sudan’s access to debt relief and to reintegrate it into the global economy.

African Development Bank and Republic of Korea to strengthen cooperation through Korea-Africa Tech Corps Program

31-May-2018 - The African Development Bank and the Republic of Korea have signed a cooperation agreement to enhance joint efforts to provide additional technical assistance to the Bank’s Regional Member Countries through the Korea-Africa Tech Corp Program.

African Development Bank supports fiber-optic development in the Central African Republic

31-May-2018 - The Central African Minister of Economy, Planning and International Cooperation, Félix Moloua, and the Director General for Central Africa Regional Development and Business Delivery Office of the African Development Bank, Ousmane Doré, signed three grant agreements in Busan, Korea, of FCFA 22,107 billion to finance the fiber-optic backbone project for Central Africa – CAF component.

Supporting Women-owned Businesses and SMEs in Sierra Leone

31-May-2018 - At its 2018 Annual Meetings in Busan, Korea, the African Development Bank signed a 5-year, US $3-million Line of Credit (LoC) with Sierra Leone’s Union Trust Bank (UTB), the only indigenous private bank in Sierra Leone and an important provider of finance for indigenous micro, small and medium-sized enterprises. The LoC will primarily target local SMEs and women-owned businesses working in agriculture, energy, manufacturing and services, among others.

Ten-year CAD 60-million “Feed Africa” bond issued by the African Development Bank

31-May-2018 - The AAA-rated African Development Bank (Moody’s/S&P/Fitch/Japan Credit Rating Agency), issued its second “Feed Africa” bond for CAD 60 million, sold to Japan Post Insurance Co., Ltd., the sole investor in the transaction, with Citigroup Global Markets Limited acting as the arranger and lead manager of the transaction.

Italy ramps up support for Somalia’s infrastructure, contributes €1 million to Somalia Infrastructure Fund

30-May-2018 - The African Development Bank, on May 28, 2018 in Mogadishu, participated in a signing ceremony that occasioned Italy’s contribution of €1 million to the Somalia Infrastructure Fund (SIF).

African Development Bank to host US $3-million Rockefeller Trust Fund to spur agriculture and youth employment in Africa

30-May-2018 - The African Development Bank Group has established a US $3-million Rockefeller Trust Fund, a joint effort of the Bank and The Rockefeller Foundation to help spur Africa’s transformation.

African Development Bank, Green Climate Fund and Africa 50 support Desert to Power programme

29-May-2018 - The African Development Bank, the Green Climate Fund (GCF) and the Africa50 investment fund signed a letter of intent to collaborate on the Desert to Power programme on the sidelines of the Bank’s Annual Meetings, Busan, Korea.  The Desert to Power programme, initiated by the Bank, aims to develop 10,000 MW of solar energy across the Sahel region. It is intended to provide solar generated electricity to 250 million people, including 90 million through off grid solutions, thereby enabling the development of agriculture and other economic...

The African Development Bank and the Global Green Growth Institute partner to fast-track Green Growth in Africa

25-May-2018 - The African Development Bank(link is external) and the Global Green Growth Institute(link is external) (GGGI) signed a Memorandum of Understanding (MoU) Friday on the sidelines of the African Development Bank Group’s Annual Meetings in Busan, to promote programs, projects, joint studies and research activities to accelerate green growth options for African countries.

Supporting regional integration in the Lake Chad Basin

25-May-2018 - Two loan agreements totaling €44.51 million were signed on Thursday, May 24 in Busan, Korea, by Alamine Ousmane Mey, Cameroon’s Minister of Economy, Planning and Regional Development, and Ousmane Doré, Director General for the African Development Bank Central Africa Regional Development and Business Delivery Office.

African Development Bank achieves historic disbursement of US $7.81 billion, exceeding 2017 target

24-May-2018 - The African Development Bank, under the leadership of its President, Akinwumi Adesina, has increased disbursements to support the structural transformation of countries in Africa, according to its Annual Report, released during the Annual Meetings in Busan, Korea.

Integrity in Development Projects: African Development Bank and Sinohydro Reach Settlement Agreement on Fraudulent Practice

24-May-2018 - The African Development Bank Group (AfDB) on June 15th, 2017, announced the conclusion of a settlement agreement with Sinohydro Corporation.

FAPA Donors and AFAP sign grant agreement in support of local supply and utilization of fertilizer in Africa

24-May-2018 - On the sidelines of the African Development Bank Annual Meetings in Busan, Korea, the Fund for African Private Sector Assistance (FAPA)(link is external) donors and the African Fertilizer and Agribusiness Partnership (AFAP) have signed a grant agreement in support of local supply and utilization of fertilizer by smallholder farmers in Africa.

Korea announces $5-billion financial package for Africa at African Development Bank Annual Meetings

23-May-2018 - The Government of Korea and the African Development Bank have issued a Joint Declaration following the conclusion of the Ministerial Roundtable of the Korea-Africa Economic Cooperation (KOAFEC) Conference taking place during the African Development Bank’s 53rd Annual Meetings in which Korea announced a $5-billion bilateral financial assistance package for Africa.

African Development Bank and UNIDO join forces to accelerate Africa’s industrialization

21-May-2018 - The African Development Bank (AfDB) and the United Nations Industrial Development Organization (UNIDO) signed a Memorandum of Understanding (MoU) on Monday, May 21 to step up collaboration to boost Africa’s industrialization.